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Theoretical Margins of Importing Soybean Oil in China--10/23/2020

2020-10-23 www.cofeed.com
Product Delivery CFR China Duty Paid Dalian Commodity Exchange (CNY/tonne) Spot GB Grade 3 Spread
USD/tonne CNY/tonne Contract Price Import Margin
SBO, US Gulf Nov/Dec 908 8920 Y2101 7110 -1810 7480 -1440
 
SBO, Argentina Oct/Nov/Dec 903 7240 Y2101 7110 -130 7480 240
Jan/Feb 896 7180 Y2105 6840 -340 7480 300
Mar 863 6920 Y2105 6840 -80 7480 560
May/Jun/Jul 831 6660 Y2109 6650 -10 7480 820
 
SBO, Brazil Dec 967 7740 Y2101 7110 -630 7480 -260
Jan 937 7500 Y2105 6840 -660 7480 -20
Feb 912 7310 Y2105 6840 -470 7480 150
Mar 884 7090 Y2105 6840 -250 7480 390
Apr/May 855 6860 Y2109 6650 -210 7480 620
Jun/Jul 844 6770 Y2109 6650 -120 7480 710